Mr 3m sell25 Sep 2018 22:08
Just found this information on t'interweb regarding a company's share register which would suggest that MM not having any knowledge of who our mystery seller is, might not quite be the case.
What is a register of members?
As a company owner or director, you are responsible for maintaining certain statutory registers. One of the most important registers to keep up to date is the register of members. If your company issues shares, the register of members is also known as the register of shareholders.
Before the advancements of modern technology, companies would keep all of their statutory registers in paper form, usually a a single bound book or loose-leaf binder for example. However, keeping electronic records is just as acceptable and can be a lot easier to update. As long as the register of members can be printed off and put into a hard copy, then you will be fine.
What needs to be listed in a register of members?
The register or members, or register of shareholders, is a record of the individuals who own the company and the details of the shares they hold. You should ensure that your register of members includes the following information:
The name of each member / shareholder
The contact address for each member / shareholder
The number and classes or types of share held by each shareholder
The amount paid or agreed to be paid on each share
The date that each shareholder became a member of the company
The date each shareholder ceased to be a member of the company (where applicable)
To make it easier to find information, some companies will also record other details about members alongside the register, such as contact details etc. While this may prove to be convenient for admin purposes, you need to take care with what extra information you record on the register. Each shareholder or member has the right to view the register of members, so it may not be very appropriate for them to see personal details about other members listed on the register.
Who should or shouldn’t be listed on the register of members?
Obviously, this is a statutory register of your company members /shareholders, so you should list every single individual who holds shares. Even when a corporate body holds shares within your company, their company details should also be listed.
With this information to hand, I find it inconceivable that no one is willing or able to name the persistent seller unless there is some form of legal clause that prevents Wres from doing so. What are my learned friends opinions on this? (Not Strider though FFS)
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